BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION (EIN 421441695) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

TERRY TOALE

Phone

3193347497

Tax Period

2024-07-01 to 2025-06-30

BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION, founded in 1995, is a small nonprofit that reported $161K in total revenue in fiscal year 2024. Expenses of $154K left a modest 4% surplus.

Mission

THE PRIMARY MISSION OF BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION (BCEDC) IS TO FOSTER A STRONG ECONOMIC ENVIRONMENT WHICH SUPPORTS BUSINESS NURTURES GROWTH AND NEW INVESTMENT WHILE ATTRACTING SUSTAINABLE BUSINESSES AND A QUALITY LABOR FORCE TO OUR COMMUNITIES. THE ORGANIZATION WILL RELY ON TRUSTING RELATIONSHIPS TO UNITE THE COMMUNITIES OF BUCHANAN COUNTY TO PROMOTE AND FACILITATE ECONOMIC DEVELOPMENTAND TO IMPROVE THE QUALITY OF LIFE IN OUR AREA BY BUILDING SUSTAINABLE WEALTH FOR THOSE WHO LIVE, WORK AND PLAY IN THIS PORTION OF THE CEDAR VALLEY REGION OF IOWA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $147,970

Program Service Revenue $0

Investment Income $13,162

Other Revenue $0

TOTAL REVENUE $161,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,822

Fundraising Expenses $7,717

Program Expenses $131,194

Other Expenses $37,524

TOTAL EXPENSES $154,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,132	$160,014	+0.0%
Expenses	$154,346	$161,313	0.0%
Net Income	$6,786	$-1,299	-6.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA KREMER	Executive Dir.	40.00	Officer	$75,000	$0	$75,000
SHAWN BAINBRIDGE	COMMUNICATIONS	10.00		$21,365	$0	$21,365
GERALD DENNIE	President	0.40	Officer Director	$0	$0	$0
TERRY TOALE	Treasurer	1.00	Officer Director	$0	$0	$0
SUE WESTER	Director	0.40	Director	$0	$0	$0
DAVE YOUNG	Director	0.40	Director	$0	$0	$0
DEAN HAMBLIN	Director	0.40	Director	$0	$0	$0
GUY STACY	Director	0.40	Director	$0	$0	$0
ROGER OLSEN	Director	0.40	Director	$0	$0	$0
CHRIS EVEN	Secretary	0.40	Officer Director	$0	$0	$0
DAWN VOGEL	Director	0.40	Director	$0	$0	$0
JASON KAYSER	Director	0.40	Director	$0	$0	$0
TERESA FLOYD	Director	0.40	Director	$0	$0	$0
DARIN HAYZLETTE	Vice President	0.40	Officer Director	$0	$0	$0
MIKE COOK	Director	0.40	Director	$0	$0	$0
JOE MILLER	Director	0.40	Director	$0	$0	$0
CELIA EVEN	Director	0.40	Director	$0	$0	$0
LANDON GEATER	Director	0.40	Director	$0	$0	$0
ROB IRVINE	Director	0.40	Director	$0	$0	$0
BRAD BLEICHNER	Director	0.40	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$161,132	$154,346	$634,988	$6,786
2024	$160,014	$161,313	$627,752	$-1,299
2023	$154,451	$159,676	$629,321	$-5,225
2022	$149,486	$125,265	$633,158	$24,221
2021	$146,332	$105,758	$624,100	$40,574
2020	$135,745	$121,758	$568,975	$13,987
2019	$146,021	$116,755	$554,988	$29,266

BUCHANAN COUNTY ECONOMIC DEVELOPMENT COMMISSION